RFG Advisory LLC Sells 92,959 Shares of Invesco S&P 500 Quality ETF $SPHQ

RFG Advisory LLC reduced its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 34.2% in the second quarter, HoldingsChannel.com reports. The fund owned 178,931 shares of the company’s stock after selling 92,959 shares during the quarter. RFG Advisory LLC’s holdings in Invesco S&P 500 Quality ETF were worth $16,122,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its stake in shares of Invesco S&P 500 Quality ETF by 68.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after purchasing an additional 3,741,699 shares during the period. Raymond James Financial Inc. increased its holdings in Invesco S&P 500 Quality ETF by 61.2% in the second quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock worth $275,733,000 after purchasing an additional 1,469,187 shares in the last quarter. Independence Asset Advisors LLC bought a new stake in Invesco S&P 500 Quality ETF in the first quarter worth approximately $73,856,000. Alvarez & Marsal Private Wealth Partners LLC acquired a new position in Invesco S&P 500 Quality ETF in the fourth quarter valued at approximately $58,114,000. Finally, Rockefeller Capital Management L.P. lifted its stake in Invesco S&P 500 Quality ETF by 440.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 657,603 shares of the company’s stock valued at $49,353,000 after buying an additional 535,929 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

Invesco S&P 500 Quality ETF stock opened at $85.06 on Wednesday. The stock has a market capitalization of $19.54 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 52-week low of $71.57 and a 52-week high of $90.36. The stock’s 50 day moving average price is $86.05 and its two-hundred day moving average price is $83.07.

About Invesco S&P 500 Quality ETF

The Invesco S&P 500 Quality ETF (SPHQ) is an exchange-traded fund that is based on the S&P 500 Quality index. The fund tracks an index of US large-cap stocks selected by return on equity, changes in net operating assets and financial leverage. Stocks are weighted by these quality factors, scaled by market cap. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.